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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: donald sew who wrote (25891)7/24/2000 2:08:10 PM
From: donald sew  Read Replies (1) | Respond to of 42787
 
Forgot to mention in my last post concerning the CAUTION FLAGS. Although todays selling is a significant negative, especially if the market closes at/near the the intraday lows, we are still near a short-term bottom. Therefore we should still see a bounce, but that bounce should be weak and should be sold.



To: donald sew who wrote (25891)7/24/2000 3:15:55 PM
From: Paul Shread  Read Replies (1) | Respond to of 42787
 
Selling should accelerate and volume pick up from here (on a day-to-day basis, not the next 45 minutes, although that's possible too). While the indexes could rally back to the lower wedge boundaries, they're probably pretty much cooked here, particularly if the S&P closes below 1470. Watch 10,675 on the Dow, the lower boundary of its consolidation, coming up fast.


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